1412-1418 Armstrong Ave, Knoxville, TN 37917
Knox County - 1 County
Key Facts
Description
Outstanding investment opportunity—two multi-unit properties offered together at 1412 & 1418 Armstrong Ave on one deeded lot in Knoxville's desirable Old North area. Featuring 12 total units across two buildings. Zones RN4. One unit could be STR if owner occupied purchase otherwise all units would need to be 30 day minimum rentals. We cleaned up the tenant roster and working on filling vacancies or you can get in now and choose your own! 1418 Armstrong Ave includes four fully furnished units.. Two feature 3 bedrooms and 1½ baths with full kitchens and shared HVAC; two are 1-bedroom, 1-bath units with private HVAC systems, ideal for traveling professionals or flexible leasing options (30 days or more required). 1412 Armstrong Ave consists of eight 1-bedroom, 1-bath units, each separately metered and equipped with individual HVAC systems. An on-site laundry facility adds convenience and appeal for residents. Positioned on a quiet dead-end street just minutes from downtown Knoxville, the University of Tennessee, and major attractions, this property offers strong possibilites and potential for multiple income streams. Whether managed as long-term housing, short-term rentals (30 days or more), or a hybrid model, it's a turn-key addition for any investor seeking cash flow and appreciation in one of Knoxville's fastest-growing rental markets. Property built before 1978 may have lead based paint. Buyer to verify all information independently.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1920
Living Area
8,514 sq ft
Lot Dimensions
119.71 x 185.01
MLS® Listing#
1343469
Property Features
Interior
Appliances
Cooling
Heating
Flooring
Parking
Patio
Construction
Roof
Financial Details
Parcel Number
081LE027
Directions
Broadway SW (US-441) for 1.6 mi. Turn left onto Kenyon St NE, then go 433 ft. Turn right onto Armstrong Ave NE. Go 0.1 mi to property on left at 1412 Armstrong Ave NE, Knoxville, TN 37917.
Affordability Calculator
$339,990
Estimated monthly payment
$9,048/mo
Principal $1,359,960 · Est. interest $1,897,265 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Knoxville, TN
- $444,000
- Median Listing Price
- 56
- Median Days on Market
- 1,927
- Median Sq Ft
- $230
- Median Price / Sq Ft
- 1,979
- Active Listings
- This home’s price is 283% above the area median.
- Its price per sq ft is 13% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Knoxville, TN.
Location
Points of Interest in Knoxville, TN
Showing the Knoxville area map.
Nearby Schools
First Lutheran School
Elementary · 0.3 mi away
Fulton High School
Secondary · 0.4 mi away
Christenberry Elementary School
Elementary · 0.6 mi away
Knox County Schools Printing Department
School · 0.7 mi away
Belle Morris Elementary School
Elementary · 0.9 mi away
Knox County Adult High School
Secondary · 1.1 mi away
Lincoln Park Technology and Trade Center
Secondary · 1.2 mi away
Vine Middle School
Secondary · 1.4 mi away
Beaumont Magnet Academy
Elementary · 1.4 mi away
Green Magnet Academy
School · 1.5 mi away
Emerald Academy
School · 1.6 mi away
Maynard Elementary School
Elementary · 1.7 mi away
Trolley - Pub Knox
Elementary · 1.7 mi away
L&N Stem Academy
School · 1.7 mi away
N4 Physics
School · 1.8 mi away
Whittle Springs Middle School
Secondary · 1.8 mi away
Great Schools Partnership
School · 1.9 mi away
Austin-East High School
Secondary · 2.0 mi away
Lonsdale Elementary School
Elementary · 2.0 mi away
ABC Kiddie Academy
School · 2.0 mi away
Commute Calculator
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Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 11957 Lakehurst Lane, Knoxville, TN | $1,199,000 | 4 | 4 | 3,350 |
| 10632 Lakecove Way, Knoxville, TN | $1,199,000 | 4 | 3 | 3,513 |
| 6715 Arapahoe Lane, Knoxville, TN | $1,199,900 | 4 | 5 | 4,737 |
| 2611 Shore Line Rd, Knoxville, TN | $1,199,900 | 4 | 4 | 3,089 |
| Lot 108 Wagon Hitch Rd, Knoxville, TN | $1,199,900 | 4 | 5 | 3,751 |
| 0 S. Northshore Drive Drive, Knoxville, TN | $1,200,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Knoxville
Listing Courtesy: Pace Probity Asset Management - 8653571537